Tag: Digital

Evernorth Losses Spotlight Digital Asset Treasury Risks

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The month-long slide in crypto prices hasn’t just hit major assets like Bitcoin (BTC) and Ether (ETH) — it’s also dealing heavy losses to digital asset treasury companies that built their business models around accumulating crypto on their balance sheets. That’s one of the key takeaways from a recent social media analysis by onchain data company CryptoQuant, which cited XRP-focused treasury company Evernorth as a prime example of the risks in this sector. Evernorth has reportedly seen unrealized losses of about $78 million on its XRP position, mere weeks after…

Chainlink partners with SBI Digital Markets for digital asset solutions

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Key Takeaways Chainlink is collaborating with SBI Digital Markets (SBIDM), part of Japan’s major SBI Group, to develop digital asset solutions using cross-chain technology. The partnership centers around Chainlink’s CCIP protocol, enabling secure and interoperable operations for tokenized funds across multiple blockchains. Share this article Chainlink, a decentralized oracle network, announced today it has partnered with SBI Digital Markets (SBIDM), the digital asset division of a major Japanese financial conglomerate, to develop digital asset solutions using cross-chain interoperability technology. The collaboration will leverage Chainlink CCIP, a cross-chain interoperability protocol, to…

CMT Digital Closes $136M Fund to Back Next Wave of Blockchain Startups

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CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups. The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday. Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round. CMT Digital has already committed about a quarter…

Galaxy Digital cuts Bitcoin year-end target to $120K amid lack of government Bitcoin purchases, leverage wipeout

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Key Takeaways Galaxy Digital has reduced its year-end Bitcoin forecast from $185,000 to $120,000, citing market selloffs and changing dynamics. Institutional involvement and passive flows have signaled Bitcoin’s ‘maturity era,’ lowering volatility and moderating price cycles. Share this article Galaxy Digital’s research arm, led by analyst Alex Thorn, has adjusted its 2025 year-end Bitcoin outlook to $120,000, trimming expectations from its earlier $185,000 bull-case scenario. i’m lowering my BTC bullish EOY target to $120k (prev $185k) 👀 just sent this note to clients whale distribution, non-BTC investments, treasury company malaise,…

Canaan Secures $72M From BH Digital, Galaxy, and Weiss

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Bitcoin mining hardware maker Canaan Inc. has secured a $72 million strategic equity investment from Galaxy Digital, Weiss Asset Management and Brevan Howard’s digital asset arm, Brevan Howard Digital. The transaction, announced on Tuesday, will bolster the company’s balance sheet and reduce its dependence on future at-the-market (ATM) capital raises, it said. Under the deal, investors bought 63.7 million American depositary shares, representing Canaan’s Class A stock at $1.13 each through a registered direct offering. Founded in 2013, Canaan specializes in application-specific integrated circuit (ASIC) chip design and high-performance computing…

CMT Digital lands $136 million for latest crypto venture fund despite VC slowdown

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Key Takeaways CMT Digital, a venture capital firm, raised $136 million for its fourth fund focused on blockchain and web3. The firm’s latest fund targets early-stage investments that help accelerate blockchain adoption, particularly in emerging web3 sectors. Share this article CMT Digital, a venture capital firm focusing on early-stage blockchain investments, secured $136 million for its fourth fund, according to Fortune. The fundraising comes amid a tough market for VCs. The firm plans to continue supporting startups that challenge traditional financial institutions while remaining open to emerging categories in the…

Eightco’s INFINITY authentication pilot integrates Coinbase for secure digital asset workflows

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Key Takeaways Eightco has developed INFINITY, an AI-resistant authentication solution targeting financial services and digital assets. Coinbase has joined Eightco’s INFINITY Authentication Pilot program to enhance secure digital asset workflows. Share this article Eightco, a Nasdaq-listed company developing AI-resistant authentication solutions for financial services and digital assets, today announced that Coinbase has joined its INFINITY Authentication Pilot program for secure digital asset workflows. INFINITY is designed to provide AI-resistant verification, enabling platforms to defend against deepfake risks and synthetic ID fraud in crypto environments. The pilot program focuses on proving…

Ripple launches digital asset spot prime brokerage for US market

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Key Takeaways Ripple launched a digital asset spot prime brokerage for US-based institutional clients. The service enables OTC spot transactions via Ripple’s new prime brokerage platform. Share this article Ripple today launched its Digital Asset Spot Prime Brokerage, enabling OTC spot transactions for US-based institutional clients through its newly established prime brokerage platform. The service integrates XRP and RLUSD, Ripple’s stablecoin, to facilitate institutional trading and provide liquidity for digital asset transactions in the US market. Ripple completed its acquisition of Hidden Road and rebranded it as Ripple Prime, establishing…

Standard Chartered CEO Says ‘All Money Will Be Digital’

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Standard Chartered’s CEO made comments predicting the end of cash and the digitization of all money at the Hong Kong FinTech Week 2025.  During the event, Standard Chartered Group Chief Executive Bill Winters said that the bank shares a common belief with the Hong Kong leadership that all transactions will eventually be settled on the blockchain.   “All transactions will settle on blockchains eventually, and all money will be digital,” Winters said, framing the shift as nothing less than a “complete rewiring of the financial system.” He added that while there’s…

Galaxy Digital sees 1,531 Bitcoin outflow amid market pressure

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Key Takeaways Galaxy Digital recorded a 1,531 BTC outflow as institutional investors continue adjusting crypto allocations. While Galaxy sold, Jump Crypto increased exposure, swapping $205M in Solana for $265M in Bitcoin. Share this article Galaxy Digital, a leading institutional crypto asset manager, recorded an outflow of 1,531 Bitcoin today as market pressures continue to weigh on institutional holdings, according to a CryptoQuant analyst. The outflow follows a series of large-scale Bitcoin transactions facilitated by Galaxy Digital for early investors. In July 2025, the firm executed major Bitcoin sales on behalf…